Equities analysts expect that InnerWorkings, Inc. (NASDAQ:INWK) will announce $0.14 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for InnerWorkings’ earnings. InnerWorkings reported earnings of $0.12 per share in the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, May 31st.
According to Zacks, analysts expect that InnerWorkings will report full year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.58. For the next fiscal year, analysts expect that the company will post earnings of $0.67 per share, with EPS estimates ranging from $0.65 to $0.69. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for InnerWorkings.
INWK has been the subject of a number of analyst reports. BidaskClub raised InnerWorkings from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 7th. ValuEngine raised InnerWorkings from a “sell” rating to a “hold” rating in a research note on Saturday, April 21st. Zacks Investment Research downgraded InnerWorkings from a “hold” rating to a “sell” rating in a research note on Thursday, March 15th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $13.00 price target (down previously from $14.00) on shares of InnerWorkings in a research note on Tuesday, March 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.67.
Institutional investors have recently added to or reduced their stakes in the business. We Are One Seven LLC bought a new position in InnerWorkings in the fourth quarter valued at about $144,000. Teacher Retirement System of Texas bought a new position in InnerWorkings in the fourth quarter valued at about $167,000. Ellington Management Group LLC bought a new position in InnerWorkings in the fourth quarter valued at about $173,000. Jefferies Group LLC bought a new position in InnerWorkings in the fourth quarter valued at about $179,000. Finally, MetLife Investment Advisors LLC bought a new position in InnerWorkings in the fourth quarter valued at about $188,000. Hedge funds and other institutional investors own 83.89% of the company’s stock.
InnerWorkings traded up $0.02, reaching $8.69, during midday trading on Friday, Marketbeat.com reports. The company had a trading volume of 182,402 shares, compared to its average volume of 341,682. The company has a market cap of $464.32 million, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. InnerWorkings has a 1-year low of $8.19 and a 1-year high of $12.03. The company has a quick ratio of 1.67, a current ratio of 1.84 and a debt-to-equity ratio of 0.44.
InnerWorkings Company Profile
InnerWorkings, Inc provides marketing execution solutions in North America and internationally. The company's software applications and databases create an integrated solution that stores, analyzes, and tracks the production capabilities of its supplier network, as well as detailed pricing data.
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